17th May 2019 #Nifty Future Intraday Levels

Nifty Future last close : 11285.25

 Nifty Future saw a sharp recovery in the second half

Both index (Nifty and Banknifty) gained almost 1% at the close.

Midcap index has underperformed. Majority of buying was seen in the largecap stocks.

NF made a high was 11309.90 low of 11152 and closes at 11285.25

FIIs sold 953 cr worth of shares in cash segment whereas DII bought 948 cr of stocks

FIIs sold 820 cr of index future and 2012 cr of index options

  Today Nifty Future is expected to open at flattish note

 Likely to witness volatile trade will be expected during the day.

    Today Nifty Future is facing a intraday resistance at 11310-11335

 If crossover 11335 with volumes, Finding a next resistance at 11375

Stay caution at higher levels!!

 Nifty Future has taken support around 100 DMA in last four sessions

Now NF can be considered as supports 11265 and 11240

Thereafter will be check around 11190-11150. Don’t short at lower levels!!

Avoid overnight positions!!……. Exit poll will be out on Sunday!!

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Updated : 09.03 AM / 17th May 2019